Commoditiesdaily
WTI Crude Oil
West Texas Intermediate crude oil daily spot price. Convex pairs the live reading with curve structure, OPEC supply context, and cross-asset macro signals — what the price means, not just what the price is.
The WTI Crude Oil is currently $71.87, last updated .
$71.87
1W +2.23%1M -25.78%3M -26.39%
Updated 4h agoStatistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for WTI Crude Oil, blended across current macro regimes.
Start here
Commodities sit at the intersection of monetary and physical reality. Oil and gas prices flow almost directly into headline CPI, while copper and iron ore track global industrial activity ahead of official releases. Tracking each complex alongside its supply signal (EIA inventories, rig counts, seaborne cargo flows) separates genuine demand moves from inventory-cycle noise.
Updated 4h ago
Latest analysis · WTI Crude Oil
Energy · Jun 30, 2026
OPEC Is Raising Output Into a Strait That Won't Open
The cartel just approved a fourth straight production hike. With the Strait of Hormuz still closed and the UAE gone, the quota is a number on paper, not a barrel in a tanker.
Geopolitics · May 6, 2026
Trump Pauses Hormuz Operation: What the Retreat Reveals
A military stand-down mid-operation is not de-escalation, it's a negotiating move with a price tag measured in barrels.
AI Analysis
Jul 4, 2026WTI at $68.78 (Thu Jul 2 close — market closed Jul 4, will not reprice until Jul 7). The Energy Supply Shock scenario (22% HOT) is the key tail risk — if Middle East escalation or sanctions enforcement removes 2M+ bbl/d, WTI could spike to $85-100, adding 1-2pp to CPI and pushing the Fed into a stagflation trap. WTI at 52nd percentile: neutral, no contrarian signal.
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Jun 29, 2026 | $71.87 | +2.23% |
| Jun 26, 2026 | $70.3 | -3.26% |
| Jun 25, 2026 | $72.67 | +1.75% |
| Jun 24, 2026 | $71.42 | -4.29% |
| Jun 23, 2026 | $74.62 | -5.47% |
| Jun 22, 2026 | $78.94 | -1.75% |
| Jun 18, 2026 | $80.35 | -0.37% |
| Jun 17, 2026 | $80.65 | +1.07% |
| Jun 16, 2026 | $79.8 | -5.73% |
| Jun 15, 2026 | $84.65 | -4.48% |
| Jun 12, 2026 | $88.62 | -3.23% |
| Jun 11, 2026 | $91.58 | -2.24% |
| Jun 10, 2026 | $93.68 | +1.94% |
| Jun 9, 2026 | $91.9 | -3.26% |
| Jun 8, 2026 | $95 | +0.72% |
| Jun 5, 2026 | $94.32 | -2.59% |
| Jun 4, 2026 | $96.83 | -2.94% |
| Jun 3, 2026 | $99.76 | +2.35% |
| Jun 2, 2026 | $97.47 | +1.57% |
| Jun 1, 2026 | $95.96 | +5.27% |
| May 29, 2026 | $91.16 | -1.61% |
| May 28, 2026 | $92.65 | +0.32% |
| May 27, 2026 | $92.35 | -5.41% |
| May 26, 2026 | $97.63 | — |
Related Analysis
Energy · Jun 30, 2026
OPEC Is Raising Output Into a Strait That Won't Open
The cartel just approved a fourth straight production hike. With the Strait of Hormuz still closed and the UAE gone, the quota is a number on paper, not a barrel in a tanker.
Geopolitics · May 6, 2026
Trump Pauses Hormuz Operation: What the Retreat Reveals
A military stand-down mid-operation is not de-escalation, it's a negotiating move with a price tag measured in barrels.
Energy · May 3, 2026
Syria as Hormuz Bypass: Oil's New Map Prices Monday Open
With Hormuz effectively blocked, Syria's corridor role reframes the entire Middle East energy supply chain overnight.
Energy · Apr 30, 2026
Trump's Iran Blockade Threat Sends WTI Past $107: What Comes Next
A prolonged U.S. naval blockade of Iran would remove roughly 1.5–2 mb/d from a market already running tight on OPEC+ discipline.
Geopolitics · Apr 21, 2026
US-Iran Ceasefire Expiration: What the Threats Actually Cost
Markets are pricing a fragile truce; the data says the risk premium is still too thin
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Frequently Asked Questions
▶What is WTI Crude Oil?
West Texas Intermediate crude oil daily spot price. Convex pairs the live reading with curve structure, OPEC supply context, and cross-asset macro signals — what the price means, not just what the price is.
▶How does WTI Crude Oil relate to commodities?
WTI Crude Oil is part of the Commodities category. Commodities sit at the intersection of monetary and physical reality. Oil and gas prices flow almost directly into headline CPI, while copper and iron ore track global industrial activity ahead of official releases. Tracking each complex alongside its supply signal (EIA inventories, rig counts, seaborne cargo flows) separates genuine demand moves from inventory-cycle noise.
▶How often is WTI Crude Oil updated?
WTI Crude Oil is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source WTI Crude Oil data?
Convex sources WTI Crude Oil data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the WTI Crude Oil chart page?
The WTI Crude Oil page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.